Dividend Tax

[ashfaque ali]

Dividend of mutual funds is fax free in the hands of investor under which act

AI Summary

Mutual Fund Dividends Are Tax-Free for Investors if Dividend Distribution Tax Is Paid: Section 10 & 115R Explained A participant inquired about the tax-free status of mutual fund dividends for investors. The response clarified that dividends from mutual funds are tax-free for investors under Section 10 of the Income Tax Act, 1961, provided the mutual fund has paid the dividend distribution tax as per Section 115R of the same Act.